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511 Rockland Rd
Lake Bluff, IL 60044

$1,500,000 USD

Land For Sale  •  0.5 AC

Property Details

  • Property Type Land
  • Lot Size 0.5 AC
  • Zoning GC & Residential
0 Transit Score
46 Walk Score

Description

Value Is In The Land For Redevelopment. Consists Of 8 Skokie Valley Road Office Building, The Sunset Motel Located At 511 Rockland Road And One Single Family Home Located At 11 Shagbark Road. Is Being Sold Separately or with other two listing . Sunset Motel Is Currently Open And Operating. Office Building At 8 Skokie BLVD Has A Few Month To Month Tenants In Place. SFH At 11 Shagbark Is Rented With A Month To Month Lease In Place. Rare North Shore Commercial Redevelopment Land Acquisition Opportunity Available In Lake Bluff, IL. Major Market Areas Include Lake Bluff, Lake Forest, Green Oaks And Libertyville, IL. General Commercial And Residential Zoning Currently In Place. Located In Unincorporated Lake Bluff - Current Lake County Zoning. Buyer Could Voluntarily Annex Into The Village Of Lake Bluff - Lake Bluff Willing To Offer Financial Incentives! Recent Developments Include New Target & Chase Bank Plus Retail Strip Malls Directly Across The Street On Route 176 (Rockland Road).v Thriving Commercial Corridor Serving Lake Bluff & Lake Forest Residents Plus Large Daytime Employment From Abbott Labs And Many Surrounding Businesses. Value Is In The Land! This Offering could be part of a larger Eight-Parcel Assembly Of Contiguous Properties That Total 2.75 Acres Of Commercial And Residential Land. Possible Rezoning Of All Parcels To Be Either Commercial Or Residential. Future Use For New Retail, Medical, Multi-Family, Drive-Thru Etc. Contact John Josephitis For Full Offering Memorandum And Complete Details On The Overall Development Opportunity.

Highlights

Heavy Traffic Area
North Shore Redevelopment Opportunity
High End Retail Area

Public Transportation

Commuter RailDriveWalkDistance
Lake Bluff Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 6 min - 2.1 mi
Great Lakes Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 6 min - 4.0 mi
AirportDriveWalkDistance
Chicago O'Hare International 35 min - 26.0 mi
Chicago Midway International 55 min - 38.3 mi
John Josephitis 847-373-1766 Coldwell Banker Realty
John Josephitis 847-373-1766 Coldwell Banker Realty